The note was initially issued in 2012 combining two existing bonds -- a
"As a result of our being able to maintain our highly coveted AA1 bond rating ... we are going to do some refinancing here which will enable us to secure lower entrance rates," Pizzano said. "We're fortunate to be in this position to do some refinancing to save us some money."
It is estimated the interest rate for the new bond anticipation note is expected to be between 1 percent to 2 percent. The refinancing process is expected to be completed by
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